GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Momentum Metropolitan Holdings Ltd (JSE:MTM) » Definitions » Cyclically Adjusted PS Ratio

Momentum Metropolitan Holdings (JSE:MTM) Cyclically Adjusted PS Ratio : 0.33 (As of Jun. 09, 2024)


View and export this data going back to 1986. Start your Free Trial

What is Momentum Metropolitan Holdings Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Momentum Metropolitan Holdings's current share price is R21.09. Momentum Metropolitan Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 was R62.97. Momentum Metropolitan Holdings's Cyclically Adjusted PS Ratio for today is 0.33.

The historical rank and industry rank for Momentum Metropolitan Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

JSE:MTM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.4   Max: 0.74
Current: 0.33

During the past 13 years, Momentum Metropolitan Holdings's highest Cyclically Adjusted PS Ratio was 0.74. The lowest was 0.24. And the median was 0.40.

JSE:MTM's Cyclically Adjusted PS Ratio is ranked better than
84.77% of 407 companies
in the Insurance industry
Industry Median: 0.97 vs JSE:MTM: 0.33

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Momentum Metropolitan Holdings's adjusted revenue per share data of for the fiscal year that ended in Jun23 was R87.235. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R62.97 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Momentum Metropolitan Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Momentum Metropolitan Holdings's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Momentum Metropolitan Holdings Cyclically Adjusted PS Ratio Chart

Momentum Metropolitan Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.35 0.35 0.24 0.29

Momentum Metropolitan Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.24 - 0.29 -

Competitive Comparison of Momentum Metropolitan Holdings's Cyclically Adjusted PS Ratio

For the Insurance - Diversified subindustry, Momentum Metropolitan Holdings's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Momentum Metropolitan Holdings's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Momentum Metropolitan Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Momentum Metropolitan Holdings's Cyclically Adjusted PS Ratio falls into.



Momentum Metropolitan Holdings Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Momentum Metropolitan Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.09/62.97
=0.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Momentum Metropolitan Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Momentum Metropolitan Holdings's adjusted Revenue per Share data for the fiscal year that ended in Jun23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=87.235/148.8016*148.8016
=87.235

Current CPI (Jun23) = 148.8016.

Momentum Metropolitan Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201406 54.922 95.813 85.297
201506 41.679 100.173 61.912
201606 41.326 106.713 57.626
201706 34.080 112.054 45.256
201806 47.341 116.959 60.230
201906 45.474 122.191 55.377
202006 34.626 124.807 41.283
202106 74.938 131.113 85.048
202206 47.694 140.835 50.392
202306 87.235 148.802 87.235

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Momentum Metropolitan Holdings  (JSE:MTM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Momentum Metropolitan Holdings Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Momentum Metropolitan Holdings's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Momentum Metropolitan Holdings (JSE:MTM) Business Description

Traded in Other Exchanges
Address
268 West Avenue, Centurion, GT, ZAF, 0157
Momentum Metropolitan Holdings Ltd is a financial services group. Its core businesses are long- and short-term insurance, asset management, investment, savings, healthcare administration, and employee benefits. Metropolitan and Momentum are the operating brands for offering product and service solutions to all market segments. The firm's operational segments are: Momentum Life, Momentum Investments, Metropolitan Life, Momentum Corporate, Momentum Metropolitan Health, Momentum Metropolitan Africa, Non-life Insurance, New Initiatives and Shareholders.

Momentum Metropolitan Holdings (JSE:MTM) Headlines

No Headlines